Otello Corporation ASA

Disclosure of voting rights in Opera Software ASA

In connection with the Ordinary General Meeting of

Opera Software ASA to be held on June 3th 2014, Nils

A. Foldal represents Ludvig Lorentzen AS and close

affiliates of Mr. Ole Peter Lorentzen representing

total 12 870 975 shares or 9,71% of the shares

outstanding in the Company. In addition Ludvig

Lorentzen AS has 1 955 000 options to buy shares in

the Company, representing a total of 1,47 % the

outstanding shares in the Company. Nils A. Foldal

represents 300.000 shares, 0,22 % of outstanding

shares, through shares owned by Nils Foldal AS and

Nils A. Foldal. He has also received proxies for

299.019 from other shareholders, and in total Nils A.

Foldal represents 13.469.994 shares, or 10,15 % of

the Company's outstanding shares and voting rights

excluding options at the Annual General Meeting. The

proxies are only valid at the Extraordinary General

Meeting. This notification is made pursuant to the

Norwegian Securities Trading Act section 4-2.

AI Terminal